Bitcoin drops below US$ 15,000 as South Korea examines accounts

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Bitcoin drops below US$15,000 as South Korea reviews accounts

Bitcoin fell below US$15,000 on Monday after South Korea’s financial regulator said it and other agencies are inspecting six local banks that offer digital currency accounts to institutions.

FILE PHOTO: Sparks glow from broken Bitcoin (virtual currency) coins in this illustration picture, December 8, 2017. REUTERS/Dado Ruvic/Illustration/File Photo

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NEW YORK: Bitcoin fell below US$15,000 on Monday after South Korea’s financial regulator said it and other agencies are inspecting six local banks that offer digital currency accounts to institutions.

Bitcoin, the world’s biggest virtual currency by market value, was last down 7.57 pct at US$14,902.99 on the Luxembourg-based Bitstamp exchange.

(Reporting by Richard Leong)

Source: Reuters

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